USD/CAD Price Analysis: Eased CAD CPI Lowers BoC Hike Bets

<p>Canada&#8217;s annual inflation rate decreased to 3.4% from April&#8217;s 4.4%. Money markets perceive a roughly 60% likelihood of a BOC rate hike in July. Oil fell amid demand worries as the ECB plans more rate hikes. Today’s USD/CAD price analysis is bullish. The Canadian dollar lost strength against the US dollar following data that revealed &#8230; <a href="https://www.forexcrunch.com/usd-cad-price-analysis-eased-cad-cpi-lowers-boc-hike-bets/">Continued</a></p>
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